Exchange rate: dollar closes lower at S/3,690 this Thursday, March 21

Exchange rate: dollar closes lower at S/3,690 this Thursday, March 21

US$536 million were traded in the market at an average price of S/3.6973. The BCRP intervened by placing an exchange swap sale for S/200 million at an average rate of 5.59%. Likewise, there were exchange sale swap maturities for S/126 million.

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The price of the dollar closed today at S/3.690, reducing by 0.11% compared to Wednesday’s close, which stood at S/3.6940, according to the Central Reserve Bank (BCRP).

During the day the market had a downward behavior due to corporate and offshore offers, varying between the minimum levels of S/3.6870 and the maximum of S/3.7040.

US$536 million were traded in the market at an average price of S/3.6973. The BCRP intervened by placing an exchange swap sale for S/200 million at an average rate of 5.59%. Likewise, there were exchange sale swap maturities for S/126 million.

Fabiola Gutiérrez, a trader at Divisas de Renta4 SAB, explains that today the new unemployment claims were published, “resulting in 210,000 compared to the 212,000 that were expected, still demonstrating a balance in the labor market.”

“Likewise, the preliminary result of the manufacturing PMI indicators for the month of March was known, which was 52.50, better than the expected 51.80, and the services PMI for the same period was 51.70, lower than the estimated 52.00,” Gutiérrez highlighted.

Both data still remain in expansive territory (greater than 50). It should be noted that the DXY was trading at 104.00 at the market close.

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Source: Larepublica

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